fabm-2-AS 1 .pdf - Fundamentals of Accountancy Business...

Fundamentals of Accountancy, Business and Management 2
WEEK 1: MODULE 1
Name: _________________________________________ Date Finished: ______________
Grade & Sec: _________________ Subject Teacher: Mary Ann O. Rivadenera
Assessment 1: Here we go Counting (pp. 8)
CURRENT ASSETS: _______________________ NON CURRENT LIABILITIES: _________________
NON CURRENT ASSETS: __________________ OWNERS EQUITY: _________________________
CURRENT LIABILITIES: ___________________
Assessment 2: FINDING MONEY page 9.
Show Solution:
Comprehensive Problem: Walang Oras Store
1. Prepare a SFP Report Form of Walang Oras Store as of December 31, 2021

2. Determine the Net Income as of December 31, 2021
GAUGE : (page 11)
1. 6. 11.
2. 7. 12.
3. 8. 13.
4. 9. 14.
5. 10. 15.

Fundamentals of Accountancy, Business and Management 2
WEEK 2: MODULE 2
Name: _________________________________________ Date Finished: ______________
Grade & Sec: _________________ Subject Teacher: Mary Ann O. Rivadenera
Activity 1. Where do I belong?
Instruction:
Identification. Below are the transactions of Mang Pedro Repair Shop for
June 2020.
1. Write the correct account title, which corresponds to the transaction on the table
below. Choices are as follows:
Insurance Expense Rent Expense Supplies
Interest Expense Rental Income Supplies Expense
Interest Income Salaries Expense Transportation Expense
Gains from the sales of junk Sales Telephone Expense
Gains from the sales of
equipment
Service Income Utility Expense
Transactions Amount Account Title
Service rendered for the consultation
given to various customers
45,000.00
Payment of the electricity bill. 1,000.00
Paid the salaries of employees 10,000.00
Gasoline Allowance for Mr. Juan 2,500.00
Sales of junk items 3,500.00
Received rental payment from the lessee 5,000.00
Telephone bill for the month was paid 1,500.00
Gains from the sale of equipment 2,500.00
Interest received from the customers on
the matured Accounts Receivable 1,000.00
Bought supplies for the month, and all
were consumed. 3,000.00
Insurance of employees expires for June 500.00